Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
En este sencillo análisis mostramos gráficamente lo que podría continuar la tendencia que desde siempre ha tenido la paridad cambiaria entre USD y MXN.
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Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for buy.
it looks like the price is retesting previous support line as resistance line. If the price won't cross the yellow line upwards, Peso will gain power again to the lower boundary of the big triangle. If the price cross the yellow line upwards, stop order will work
Background: Based on the price data available on Monthly chart (see below), the USDMXN is in longer term Bullish trend. It formed a major spike high in Jan 2017 and since then it has been in a consolidation, forming higher lows, suggesting strong based being built. The extreme bullish sentiment for MXN might be fostered by the fact that the uncertainties...
The price just broke that 4h bullish channel and also a 50% fib level. The price came from a really nice doji reversal formation showing a looooong reject to several fib zones and also TLs... Right now the price is trying to break the monthly PRZ and a 38% fib level. If this or the next 4h candle can close below those, the price can fall a lot more, near to 18.81
The pair is trading within a 1M Channel Up (RSI = 50.675, MACD = 0.234, Highs/Lows = 0.0000) currently testing the Higher Low zone. A narrower H&S formation on 1W allows to consider the current area the start of the new bullish leg towards a new High. We are long with TP = 20.9600. ** If you like our free content follow our profile (www.tradingview.com) to...